期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：03
页码：65-74
出版社：Society for Business Research Promotion
摘要：This study investigates the effect of capital structure and ownership structure on the information content of reported earnings among companies listed on Tehran Stock Exchange. The aim of this research is to answer the fundamental question, whether the amount of reliance of companies on debt financing has effect on information content of their reported earnings or not? In this research, to review the impact of ownership structure, role and impact of institutional owners on information content of reported earnings and for checking the information content of reported earnings, stock price changes against reported earnings is considered. The research sample consists of 96 companies listed on Tehran Stock Exchange during the period 2002 to 2009. For investigating the impact of capital structure and ownership structure on the information content of reported earnings, Multiple Linear Regression models were used and these models tested at 95% confidence level. The result of testing hypothesis shows that the capital structure has a negative significant effect on information content of earnings so with increasing reliance of companies on debt financing the information content of earnings is reduced. The results also show that the ownership structure has a positive significant effect on information content of earnings so with increasing presence of institutional shareholders in corporate ownership structure, information content of earnings will increase too. Full Text
